The fact that stock in the Fed belongs to commercial banks____.

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• 1The Fed of the United States____.

  A.functions as China Bank 

  B.is the counterpart of People’s Bank of China

  C.is subject to the banking community and government

  D.has 13 top officers who can influence the American financial market

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• 2The passage suggests that the Southern Railway of Britain is now .

  A.controlled by the local people 

  B.in financial difficult

  C.under a different name 

  D.financially sound

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• 3The author seems to think that railways are reminders of the____.

  A.personal concern and solid beauty of a past age

  B.ugliness and oppression that modern society has overcome

  C.benefits that the machine age has brought to man 

  D.growing dislike in England of the Victorian age

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• 4What is the author’s reaction to the people who called the town meeting、

  A.He is amused by their political efforts. 

  B.He is sympathetic to their cause.

  C.He is encouraged by their success. 

  D.He is critical of their attitudes.

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• 5Who objected to the closing of the railway branch line、

  A.Barnstaple people only.

  B.Workers of the Southern Railway.

  C.People of both Barnstaple and Lynton. 

  D.The management of the Southern Railway.

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• 6Which of the following statements is NOT true according to the passage、

  A.The Fed is a very big, complex and significant system which comprises many local banks.

  B.All the commercial banks are not the components of Federal Reserve System.

  C.Board of Governors is the supreme policy-makers of Federal Reserve System.

  D.District Reserve banks rather than Board of Governors perform the daytoday policies.

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• 7The authority of the Federal Reserve____.

  A.has to be shared with other establishmentsis

  B.is exclusive at other times

  C.isn’t limited by comptroller of the Currency and FDIC

  D.is limited by Board of Governors

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• 8Income of the Board of Governors____.

  A.is borrowed from the U.S. Treasury

  B.is used by the government to make various policies

  C.comes from the U.S. Treasury

  D.is not granted by the government

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• 9What does the author seem to think of King Henry 、

  A.He was the best king England had ever had.

  B.He was a better ruler than King Richard.

  C.He was unfair and cowardly.

  D.He was just as evil as King Richard.

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• 10How did King Henry find out about the plot 、

  A.His scouts discovered it. 

  B.He saw the conspirators coming.

  C.One of the conspirators told him.

  D.He found a copy of the conspirators’ plan.

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